Unequal Pay, Unequal Loyalty: Why Transparency Matters

Welcome to another episode of the Manager Lab, where we delve into the dynamic world of talent management. This week, we explore the critical issue of pay inequality and its impact on employee retention, based on insights from the Harvard Business Review.

Discover how important it is to keep compensation aligned and transparent, especially when onboarding new, higher-paid employees. We discuss research findings that reveal how timely pay adjustments can significantly extend the tenure of current staff, particularly top performers who are more likely to leave in the face of disparities.

Learn practical strategies to address pay inequities swiftly, consult with HR for smooth transitions, and ensure your team's loyalty. Tune in for actionable insights that could transform your approach to talent management.